I am not sure if I should sell my first home and rent it out? I currently rent with my wife we just welcomes our third son who unfortunately has some medical problems. We bought out first home about 10 years about for 250K, We have 168k left on the mortgage can can probably sell for 325k+ I was trying to use some equity to consolidate some debt and pay some medical bills but that that proven difficult. My bank account number was stolen about 1 and a half years ago and if messed me up financially for months. I ended up misses some payments on some things and my credit took a hit. I am current with everything now but those missed payments have come back to haunt me. My goal was to use some equity and them rent it out for additional income. But I feel l like if I can make 150k + selling it I should. Then then use that for my original purpose then them use the remaining to buy a nee home down the road. Any input would be greatly appreciated.
